Hi Maud'Dib
I hope you don't mind me saying the following, but I think all investors really need to consider this,
With ATC intending to launch the Green bonds next year, I would have thought it would be best to have this SPP close oversubscribed with a significant scale back to raise the $4mil required, I know you have mentioned that your funds are reserved for your options that expire at the end of May, we don't need the money in May, We need the funds now to demonstrate to the Green Bonds investors the existing share holder base is willing to invest when the company asks for funds, considering the SPP is only offered to Australian and NZ investors, we won't have the support from our significant European share base (sub
IMO there will be plenty of time over the next 6 months where you can sell these shares to free up your cash for the option conversion.
I think today's announcement is very bullish, they have detailed they are intending to buy the land for the 10ktpa coating production facility in Germany, they have also detailed they are raising the funds for the DFS. Considering the PFS hasn't been completed/announced, they are confident of the PFS exceeding all expectations and we are telling the market we are commencing with the DFS.
Buying land and commencing the DFS isn't something a company does if they are not intending to build the coating facility.
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